Corning (NYSE:GLW) Shares Down 1.6% – Should You Sell?

Shares of Corning Incorporated (NYSE:GLW) traded down 1.6% on Thursday . The stock traded as low as $128.88 and last traded at $129.9450. 9,157,857 shares traded hands during trading, a decline of 1% from the average session volume of 9,251,702 shares. The stock had previously closed at $132.01.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Argus raised their price target on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Mizuho boosted their target price on shares of Corning from $97.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 29th. Oppenheimer set a $120.00 price objective on shares of Corning in a research note on Thursday, January 29th. Finally, Morgan Stanley upped their target price on Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Corning presently has an average rating of “Moderate Buy” and an average price target of $114.25.

Corning Price Performance

The firm has a market capitalization of $111.49 billion, a PE ratio of 70.62, a P/E/G ratio of 2.26 and a beta of 1.13. The firm’s fifty day moving average price is $100.12 and its 200 day moving average price is $86.32. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last issued its earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company posted $0.57 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current year.

Corning Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Friday, February 27th will be paid a $0.28 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.9%. Corning’s dividend payout ratio is presently 60.87%.

Insider Activity

In other Corning news, insider Eric S. Musser sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $130.25, for a total value of $1,953,750.00. Following the sale, the insider owned 4,926 shares in the company, valued at approximately $641,611.50. This represents a 75.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Li Fang sold 9,797 shares of Corning stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $113.51, for a total transaction of $1,112,057.47. The disclosure for this sale is available in the SEC filing. Insiders sold 95,687 shares of company stock valued at $11,249,008 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Corning

Hedge funds have recently modified their holdings of the company. Compound Planning Inc. increased its stake in shares of Corning by 3.5% in the 4th quarter. Compound Planning Inc. now owns 9,626 shares of the electronics maker’s stock valued at $843,000 after purchasing an additional 328 shares in the last quarter. First Growth Capital LLC acquired a new stake in Corning in the fourth quarter valued at approximately $333,000. Corient Private Wealth LLC increased its position in shares of Corning by 586.1% in the fourth quarter. Corient Private Wealth LLC now owns 1,656,906 shares of the electronics maker’s stock valued at $145,079,000 after buying an additional 1,415,420 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of Corning during the 4th quarter worth approximately $62,000. Finally, Widmann Financial Services Inc. lifted its position in shares of Corning by 3.9% during the 4th quarter. Widmann Financial Services Inc. now owns 10,542 shares of the electronics maker’s stock valued at $923,000 after buying an additional 400 shares in the last quarter. 69.80% of the stock is owned by hedge funds and other institutional investors.

About Corning

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.